Payables Management in Microsoft Dynamics GP 2013 Training

Instructor-Led Training Parameters

Course Highlights

  • Instructor-led Online Training
  • Project Based Learning
  • Certified & Experienced Trainers
  • Course Completion Certificate
  • Lifetime e-Learning Access
  • 24x7 After Training Support

Payables Management in Microsoft Dynamics GP 2013 Training Course Overview

Payables Management in Microsoft Dynamics GP 2013 training focuses on the process of creating vendor invoice, keeping track of it, and checking the entire process thoroughly. The training explains how the software allows for capitalizing on vendor discounts and thereby saving on accounts payable liabilities. Hands-on sessions will guide the candidates on defining default values for populating the data fields automatically. The right approach of setting/ filtering data and exploring lookup functions helps in better decision making.

By the end of the training, you will be able to:

  • Set up Payables Management, interact with other modules of GP, and customize its settings
  • Create vendor classes, vendor records, and manage balances for vendors
  • Manage different types of transactions including invoices, debit memos, credit memos, manual checks, payables transactions/documents, scheduled and post-scheduled payment entries
  • Setup Intercompany relationships and manage its transactions
  • Define steps at the period/year-end closings as per the calendar or fiscal year
Target Audience
  • Candidates having deep interest in learning and utilizing the features of Microsoft Dynamics GP Payables Management.
  • Professionals including data entry staff, accountants, administrators, office managers among others can get the best out of this training.
Prerequisites

Candidates with working knowledge of Microsoft Windows and good understanding of basic accounting principles are the ideal participants for this course.

Instructor-led Training Live Online Classes

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Payables Management in Microsoft Dynamics GP 2013 Training Course Content

1. Overview and Setup Procedures

  • Features and Benefits
  • Payables Management Setup
  • Payables Setup Options
  • Vendor Class Maintenance
  • Vendor Class Accounts Setup
  • Vendor Maintenance
  • Vendor Maintenance Options
  • Vendor Address Maintenance
  • Vendor Account Maintenance
  • Beginning Balances
  • Vendor History

2. Daily Procedures

  • Batch Entry
  • Payables Transaction Entry
  • Scheduled Payments Entry
  • Post Scheduled Payments

3. Entering Payments

  • Payables Manual Payment Entry
  • Computer Checks - Select Checks
  • Edit Payables Checks
  • Edit Payables Check Batches
  • Print and Post Checks
  • Apply Payables Documents
  • Batch Recovery

 4. Intercompany Transactions

  • Define Intercompany Relationships
  • Enter Intercompany Transactions
  • Post Intercompany Transactions in General Ledger
  • View Intercompany Transactions in Inquiry

 5. Maintaining Records

  • Vendor and Transaction Holds
  • Void Open Payables Transactions
  • Void Historical Transactions
  • Edit Payables Transactions
  • Change or Delete Vendor Records
  • Remove History
  • Reconcile
  • Use Inquiries
  • Report Options and Printing
  • Report Groups

6. Period-End Procedures

  • Closing a Period
  • Close the Calendar Year
  • Close the Fiscal Year

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